M-1, M-2 and M-3

M-1, M-2 and M-3

References in periodicals archive ?
75% subordination provided by classes M-1, M-2 and M-3, monthly excess interest and target overcollateralization (OC) of 0.
Prior to the stepdown date or if a trigger event is in effect, principal will be distributed to the class IF-1 and class IIA-1 until the certificate principal balances have been reduced to zero, and then sequentially to the class M-1, M-2 and M-3 certificates.
Interest and then principal will be paid sequentially first to the class A certificates, then to the M-1, M-2 and M-3 classes.